Predictions 2016: the Impact of Real-Time Data

The industrial internet is expected to move towards real-time data pipelines, enabling businesses to detect patterns and adjust operations in near real time, with the Internet of Things playing a key role. This will have a significant impact on industries such as energy, pharmaceuticals, and agriculture. Consumer visibility into business operations will become more granular, allowing consumers to make informed decisions and build brand loyalty. The cost of doing business is expected to decline due to advancements in storage technology and the increasing accessibility of commodity hardware. Additionally, the crowdsourcing of analytics is becoming increasingly popular, enabling people from around the world to participate in data analysis and generating insights through human-in-the-loop processes.